KATHMANDU: Minister for Infrastructure Sunil Lamsal has said that 59 acts are in the final stage of formulation to create investment-friendly environment in the country.

He said that after that, the working procedure and guidelines will be made. He said this in a press conference organized to give information about the Nepal Infrastructure Conference. These laws are related to investment, infrastructure, tax, land and so on.

He said that this time the investment summit is not going to attract foreign investors and bring investment. He said that the main goal of this investment conference is to show the laws prepared by the government, to inform that this law has been made, to say that this law will make it easier to invest, to benefit the workers, to guarantee the market and to show the law ready to invest freely.

He said that during this period, the authority of the Ministry of Finance has been given to other agencies. He claimed that many acts have been amended to create an investment-friendly environment and drafts of some amendments have been submitted to the Prime Minister’s Office. He said that it will also be ready before the conference.

He said that the government has adopted a policy of using Nepal’s raw materials. He claimed that Nepali raw materials will be used in the construction work done by the government and private sector in Nepal. He said that the delay in the implementation of the project will also be reduced.